Business
Update on PG Bonds and Issue of Shares
Update on PG Bonds and Issue of Shares.
About this update from Dci Advisors Limited
[{"type":"text","content":"\n \nRNS Number : 0767E Dolphin Capital Investors Limited 31 March 2011 \n \n\n31 March 2011\n \nDolphin Capital Investors Limited\n(\"Dolphin\" or the \"Company\" and together with its subsidiaries the \"Group\")\n \nClosing and Listing of the Playa Grande Convertible Bonds, AND\nissue OF Dolphin Shares for the Pearl Island final acquisition payment\n \n \n \n \n \nIssue and Listing of Playa Grande Bonds\n \nDolphin is pleased to announce that DCI Holdings Seven Ltd., the holding company of Dolphin's Playa Grande project, has today successfully issued US$40 million of convertible bonds with a five-year term and a coupon of 7% per annum (the \"Bonds\"). The Bonds are guaranteed by Dolphin and can be converted into Dolphin shares at US$0.7998 per share (50p using a US$1.5995 / GBP 1 fixed exchange rate) or exchanged for Aman Lots (from the first Aman Golf Resort phase to be developed at Playa Grande) at approximately a 40% discount to the Aman Lots' retail price. The Bonds were admitted to trading today on the Open Market of the Frankfurt Stock Exchange (the freiverkehr market) under ISIN:US23309QAA04 (for Rule 144A Global Bonds) and ISIN:USG2706DAA57 (for Regulation S Global Bonds). \n \nIssue of Dolphin Common Shares\n \nDolphin is also pleased to announce that it has paid US$388,916 in cash, issued 11,128,586 common shares of the Company and transferred 306,681 common shares held in treasury (the \"Share Issue\") to Grupo Eleta, as part of the deferred consideration for the Group's Pearl Island transaction (described in more detail in the Company's Q3 trading update published on 7 December 2010). The Share Issue was authorised by the Company's shareholders on 18 January 2011.\n \nAn application has been made to the London Stock Exchange for the new ordinary shares to be admitted to AIM and it is expected that admission will take place on 6 April 2011. The new common shares will rank pari passu with the existing common shares of the Company. Following the allotment the total issued share capital of the Company has increased to 638,837,814 common shares of which none are held in treasury.\n\nFor further information, please contact:\n\n\n\n\nDolphin Capital Partners\nMiltos E. Kambourides\nPierre A. Charalambides\nKaterina G. Katopis\nEleni Florou\n\n\n \nmiltos@do...